Square Enix, especially known for the Final Fantasy series, has spent close to one and a half billion dollars in the last 2 years for its games.
The money spent on Square Enix games has increased significantly, especially in the last 2 years. Looking at the company’s financial report covering the years 2010 to 2021, it is seen that Square Enix definitely pours hundreds of millions of dollars into its games every year. This data also sheds light on why Square Enix signed a $300 million sales deal with Embracer Group for the sale of Tomb Raider and Deus Ex.
Money spent on Square Enix games has peaked in the last 2 years
According to the data shared by the company Square Enix’s annual spend from 2010 to 2014 While the average was around 225 million dollars, with the leap experienced after 2015, the annual money they spent increased to around 300 million dollars this time and broke a new record with 464 million dollars in 2019. However, the company’s expenditures in the last two years are an indicator of how much the budget has been increased.
Square Enix’s annual budget for games has made a huge leap from $464 million to $670 million in 2020. Last year, this budget increased to 711 million dollars. However, the company lost more than $200 million with Marvel’s Avengers (2020) and then Guardians of the Galaxy (2021). So much so that these games could not even regain their own production budgets.